Endava (NYSE:DAVA) Updates FY 2026 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.080-1.190 for the period, compared to the consensus estimate of 0.480. The company issued revenue guidance of $992.3 million-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Endava also updated its Q2 2026 guidance to 0.200-0.230 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DAVA. Guggenheim cut their price objective on shares of Endava from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, September 5th. JPMorgan Chase & Co. cut their price target on shares of Endava from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of Endava from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Cowen reiterated a “hold” rating on shares of Endava in a research note on Friday, September 5th. Finally, Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Endava has an average rating of “Hold” and an average price target of $20.00.

Endava Price Performance

Shares of NYSE:DAVA opened at $9.45 on Tuesday. The company has a market capitalization of $531.18 million, a P/E ratio of 21.00 and a beta of 1.18. The company’s 50-day moving average is $9.39 and its 200 day moving average is $13.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 2.32. Endava has a fifty-two week low of $8.17 and a fifty-two week high of $34.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Endava by 733.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after purchasing an additional 1,680 shares during the period. Vident Advisory LLC bought a new position in Endava during the second quarter valued at $160,000. Benjamin Edwards Inc. bought a new position in Endava during the second quarter valued at $198,000. Geode Capital Management LLC purchased a new stake in Endava in the second quarter worth $205,000. Finally, Jane Street Group LLC raised its stake in shares of Endava by 16.1% in the first quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock valued at $208,000 after buying an additional 1,482 shares during the period. 62.23% of the stock is owned by institutional investors.

Endava Company Profile

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.